The human rights activist, who is a notable backer of the European Union, called on the EU to accept more refugees and cover the cost of housing health care and education for each refugee for the first two years.
The billionaire businessman was last week accused by Hungary’s prime minister of deliberately encouraging the migration crisis.
Hungarian prime minister Viktor Orban claimed that activists like Mr Soros are partly to blame for the current crisis
He said: “This invasion is driven, on the one hand, by people smugglers, and on the other hand by those activists who supper everything that weakens the nation-state.”
“This Western mindset and this activist network is perhaps best represented by George Soros.”